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, not with this, for super storm sandy but with this. stay tuned. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to
city facing rising sea levels and the next big storm. >> if sandy were to come close or directly into norfolk i think we'd all be in big trouble. >> brown: we assess the latest diplomatic moves to end syria's war, as secretary of state hillary clinton meets with russia's foreign minister. >> woodruff: and ray suarez has the story of a program that aims to put students at low-achieving schools on a path to high school graduation. >> we're here to make things better. we're here to tutor kids. we're here to make sure that they stay on track. we are here to make sure that they graduate. we want to prepare them for high school. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for
's jobs report. what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around ♪ ♪ there's no such thing whenas too soft. toilet paper, i know what i like. i like feeling both clean and pampered. why should i compromise? quilted northern ultra plush® with the innerlux layer. for a comfortable, confident clean, or your money back. maybmaybe you can't.re; when you have migraines with fifteen or more headache days a month, you miss out on your life. you may have chronic migraine. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life. >>> three, two,
today. did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you. i'm terrell brown. a strong earthquake hit northeastern japan this morning, the magnitude 7.3 quake struck in the early evening in the same area that suffered a powerful quake and tsunami last year. a tsunami warning has been issued. residents have been told to move to higher ground. the fukushima nuclear plant has not been damaged. the quake was felt as far south as tokyo. lucy craft is in tokyo. what can you tell us? >> reporter: no reports of damage or injury. it's still way too early. we have a tsunami warning. the tide is about three feet or two meters or one meter, i should say. very interesting, this time the warnings came v
at the economic recovery, but how accurate will the numbers be in the wake of hurricane sandy? >>> the nfl commissioner is considering eliminating the kick off ya in football games. would it make the game safer. >> coy wire is a sports analyst. chad sweet is a former cia director of operations. and ken baer is a white housed a virus. todd carmichael is the host of dangerous grounds. howard kurtz will join us. and economic diane swonk rounds things out for us today. "starting point" begins right now. >>> good morning. welcome, everybody. let's begin with developing news this morning. a tsunami threat to tell you about was just lifted in japan. the country was rocked by a powerful 7.3 magnitude earthquake. it hit off the coast of tokyo. the buildings there shaking. you could see some of the video showing the degree to which they were shaking. alex, what's the latest? >> reporter: it has been a very, very tense few hours here in japan after you mentioned a 7.3 magnitude earthquake striking late here in the day on friday. but just in the past 90 minutes or so, the all clear has been given. the
no effect, as many had expected, from hurricane sandy. this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wast
was a smart man. $60,000 for a ticket to sandy relief concerts that's happening thanks to shameless scalpers. how much money from the victims of the super storm actually see from that concert? it's the most watched video on the internet. he he is set to perform for the president. wait until you hear what he said about our soldiers. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great sinesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. >> welcome back to "fox & friends" on this saturday morning. it is the song that's taken the world by storm. this song, gangnam style song on youtube has been watched over or close to a billion times worldwide. making
neams were right in the path of super storm sandy. we are live on the ground in jersey. that's next. i've worked hard to build my family. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with sympts of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble emptying your bladder, do not take vesicare. vesicare may cause allergic reactions that may be serious. if you experience swelling of the face, lips, throat or tongue, stop taking vesicare and get emergency help. tell your doctor right away if you have severe abdominal pain, or become constipated for three or more days. vesicare may cause blurred vision, so use caution while driving or doing unsafe tasks. common side effects are dry mouth, constipation, and indigestion. i've worked hard to get to where i am... and i've got better aces to go than a
of our best values of the year. this is the pursuit of perfection. >> greta: victims of superstorm sandy blasting the feds in a 60 seconds. first, let's go to the new york newsroom where ainsley earhardt is standing by with the headlines. >> police arresting software guru john mcafee in guatemala. he crossed into the country to evade authorities in belize who want to question him in connection with the murder of his neighbor. mcafee maintains he's innocent and he says that he left because he's afraid police will kill him if he's caught. authorities in guatemala say he was arrested for illegal entering the country. >>> the national weather service looking to change its hurricane warning system in the wake of superstorm. the agency said that it might start issuing watches and warnings for life threatening storms even when they're no longer hurricanes or tropical storms. critics argue that people in the northeast didn't realize the dangers of sandy. the storm killed more than 125 people in the u.s. i'm ainsley earhardt. now back to greta. thanks for watching fox. have a great night. >> you'
that because of hurricane sandy, job creation might have been a little slower last month, the unemployment rate might have stayed a little bit higher. it turns out that sandy did have an impact, but not on the headline numbers. >> if you look deeper in the report, you do see that over a million workers who normally work full time were reduced to part-time hours during the reference week because of bad weather, and over 300,000 additional workers weren't able to work at all because of bad weather. >> reporter: and because of the way the labor department calculates or figures out and decides -- defines who is working part time, full time or working at all and when, sandy's impact did not show up in the overall numbers. but one thing did. as you mentioned, 350,000 people left the work force, about the same number stayed in, and that is what put downward pressure on the unemployment rate taking it down to 7.7. heather? heather: peter barnes reporting live from the white house, thank you. so what can the federal government do to kick start the economy and get more americans back to work in the new y
improvement for the auto industry. how hurricane sandy might've helped the car business. that's coming up next. and that new information on a murder suspect found dead in an alaska jail cell. why police say this man, who once tried to escape from courtroom, may be linked to a least seven other killings. [inaudible] but she loved it so much... i told her it was homemade. [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. jon: a fox news weather alert for you now. three back-to-back storms lashing parts of northern california this weekend creating quite a mess. in redwood city a huge tree completely knocks down a power line near one family's home. utility crews say this is why tens of thousands of people remain in the dark there. but the storm also producing a welcome sight. lots of snowy forecasters say actually helped contain many of the areas rising rivers. meteorologist maria molina live in the fox news weather center. >> jon, good to see you. that's right we saw a lot of heavy snow among higher elevations across portion
before. remember, we had big jobless claims reports for a few weeks in a row because of hurricane sandy, superstorm sandy. it looks like those are coming down again. the big jobs report will be tomorrow, which will give us the real gauge of what's happen iin here. they expect only 77,000 jobs added. and the unemployment rate, they think, will tick back up to 8%. 77,000. why? because of superstorm sandy. you didn't have hiring, people getting jobs in the northeast because during that time the last month or so. >> jack welch right now, they went up after the election. >> those chicago people. >>> all morning we've been following major developments in both syria, in egypt and syria there are new fears that they could unleash nerve gas on some of the rebels. that's a report from nbc news, that syria is loading the component chemicals. cnn has not confirmed that report yet. egypt, protoasters have started to gather outside the presidential palace in cairo. lots of anger building after the new president gave himself extra powers. the protests were very violent last night. the clashes killed a
,000 jobs last month. economists were expecting more than that. at some point through superstorm sandy and how that may have impacted the results in the northeast or the adp report is seen as an indicator for jobs report. we were given new unemployment rate that i can share with you. greg: citigroup says it is cutting 11,000 jobs. about 40% of the global workforce. this they are expected to save $1.1 billion per year, and is the first major action since the banking giant named a new ceo. the group is not saying exactly how many of these lost jobs will be here in the united states are you with that they plan to close 44 branches. we do pretty big news from citigroup. republican leaders calling on obama to sit down for a face-to-face negotiation on the fiscal cliff. this is just weeks ago before the deadline. right now, as you know, there is still no deal. those sites are still hundreds of billions of dollars apart. mike emanuel has more. reporter: hello, jenna. speaker john boehner says the republicans made a good-faith effort to avert a fiscal crisis. they say essentially this is now t
for first-time unemployment claims last week. that's a high number. forget about sandy, 370,000 is a high number. here we are raising taxes on everybody who worked by $120 billion. maybe we'll also raise taxes on richer people, wealthier people. raise the tax on dividends and interest and capital gains. that amount to a big tax increase in a weak economy. should we be doing that? >> what we are told is all across the board this is what has to happen. we need revenues brought into the federal government. a lot of people unhappy with that model. but that what's they are arguing. >> reporter: that's what they are arguing. but the president wants higher tax rates on the rich web's standing firm on that. the republicans are not going to say caved but they agreed to $800 billion in extra tax revenues over 10 years. so yes a tax increase is coming in one form or another. and you add that to the payroll tax increase and you have got a big tax increase coming count pike in a weak economy. martha: it will hurt across the board from the top to the bottom. everybody's financial picture will look diff
shopping season is going so far. we know that those november retail sales reflected sandy and some other one-time issues. what do you think really is happening behind the scenes in terms of what's happening for holiday shopping? >> well, i think it's the same story every year. the promotions start early, black friday's always a big weekend, this year was no different, and it depends on who you listen to nrf was very optimistic about the estimates, gallup was not so much, and then the sandy-related numbers. there are clear winners and losers here. it's the sandy blameathon, clearly, but some of the winners and losers walmart and limited. >> walmart and limited. who do you think is in trouble. we saw gap shares down by 7%. is that a reflection of the dividend they won't be paying or the special dividend. is there something more with what's going on with stores there? >> well, i think everybody's nervous now, certainly. again, after you saw the tough numbers in november, the question is, do retailers get nervous? do they press the pedal in terms of more and more promotions? gap yesterday wa
sandy blasting president obama and fema for leaving them out in the cold. more than a month after sandy battered the east coast, many people still without electricity, others struggling to rebuild their homes. and they say the feds are not giving them the help they promised. tonight in new york, fed up victims confronting government officials. wnyw reporter is live in balance hor borbalharbour queens with t. >> reporter: this meeting was a bit calmer than that. probably because it was inside of a church, but folks here just as frustrated with the entire process. you may remember that the cap for fema if you received the aid and go through all the red tape is just under $32,000 which seems like a decent amount. when you're talking about the cost of living here in the new york metro area, it's kind of like small potatoes. we were talking to one couple here, their home gutted, but they want to rebuild. they have to rebuild. this is the only area they've ever known to live in here, so they have nowhere else to go. they're going to have to reach into their own pockets and shell out tens of t
. after the lighting the president directed some of his remarks to the victims of hurricane sandy. >> and this holiday season is especially difficult for families who lost everything in the storm. but it's also a time for us to be grateful for the heroism and perseverance of ordinary men and women in the storm's path who have showed us that americans will always be stronger than the challenges that we face. >> well, what i liked about watching and listening today was that you didn't issue the combover alert, so your hair was blowing over to one side. >> thank heavens. it was definitely chilly, but it's been way colder other years, so that was good, but i saw baby face edmonds performing with only a scarf and a jacket and i thought i bet he hopes he only has to do one number. it was a wonderful evening and it's a beautiful tree, too. >> is it gorgeous. >> it's brand-new. -- it is gorgeous. >> it's brand-new. it was found in northwestern virginia. they put it in right before hurricane sandy. president obama made the comment that anyone can lose their job in washington, even the nati
creation was down substantially from october because of superstorm sandy. >>> apple fans, did you know all your apple l products are made in china. you may have not that but it's about -- known that but it's about to change. they will start assembling one of their mass computer models here in the usa. analysts are calling this a big move. >> for apple l to step out and say this is something they want to do, they want to manufacture here in the united states, it's a big deal. and it's a big differentiator for this country. >> the plan did make apple products before the company moved production overseas. >>> zynga is a leader in virtual poker but it wants to get into real money gambling. they filed an application with the nevada gaming parole board, a process that could take up 18 moments. shares rose 17% after that announcement. >>> encouraging news on diet and breast cancer. micro nutrients found in fruits and vegetables have cancer fighting properties. women who eat fresh produce may reduce their risk. there is evidence that the micro nutrients keep tumors from growing as well. there's ne
last month. that's more than expected because economists had worried that superstorm sandy had cut into job creation. apparently not the case. money watch reporter ashley morrison is going to join us in a couple of minutes and we will chat more about that. >>> gay couples in california are awaiting a supreme court decision that could come today. anne makovec joins us live here in san francisco with what could happen on the prop 8 case later today. ann good morning. >> the legality of california's prop 8, the ban on same sex marriage has gone to either side several times since it was passed back in 2008 and today. everybody is wondering what the supreme court is going to do. the u.s. supreme court scheduled to discuss whether or not it will review the constitutionality of prop 8. that is california's ban on same sex marriage approved by voters. pro prop 8 side is appealing a decision by the 9th u.s. circuit court of appeals which found the ban unconstitutional. it's one of several cases across the country concerning the federal defensive marriage act. >> the court has been waiting t
.7%. economists were expecting a gain of around 75 to 95,000 jobs with hurricane sandy depressing hiring. now, it's not all good news. the labor department went back and revised september and october lower by combined 49,000 jobs. and the labor participation rate fell in november. that was likely an effect of sandy. 350,000 or so people stopping their search for work. that's what brought the unemployment rate down. not a great report but still a little bit better than what some people were forecasting. the apple a samsung case going on in federal court in san jose. the judge told lawyer for both sides that she may reduce the original award of one billion dollars saying jurors may have miscalculated the damages. but the judge may also enact sales bans against several older samsung devices so that could go either way. samsung trying to get a whole new trial in this case. >>> stock market higher on the better than expected jobs report. the dow is gaining 39 points. nasdaq up by one. s&p up. apple shares rebounded yet by 1 1/2 percent after that big 6% drop the other day. back to you. >>> jason brook
to get up. >> you okay, buddy? >> more than a month after superstorm sandy, a family living in a borrowed apartment is trying to put its life back together. >>> plus, back behind bars. john mcafee under arrest and get this. he's blogging from jail. >>> and could an online review of a business get you sued? a new case raises the question, just how far can you go when you sound off online? tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. hurry in and try five succulent entrees, like our tender snow crab pair
hurricane sandy, the people that live aalong the keystone pipeline. there are people across the country beginning to rebel against the huge fossil fuel development that is taking over their communities. i think that's the counterweight. it's going to come from the grassroots and demand -- it's going to end up in washington. >> i think that's the key point. you look at the history of environmental movements in this country. the american people including in red states have proved themselves willing over and over again to tax themselves to address current risks to their health, their children's health, their communities, their water supply, the air they breathe. the problem with climate to date is it's seen as a future risk, and it's coming forward. >> the politics also change -- you made this interesting point about the geography changing. we basically know how the senators from west virginia are going to vote on stuff that has to do with coal. democrat, republican, marxist, whatever. whoever you would elect from west virginia they're going to vote a certain way on coal. and the fact that
year, isaac in august and recently sandy. each storm brought a grim reminder of yet one more ever-present disaster: the deadly cholera epidemic that started ten months after the quake. at the cholera ward of saint luke's hospital just outside the capital port-au-prince, this doctor says since hurricane sandy admissions have doubled from 20 to 40 patients each day. >> most of the new cases are coming from further up the hill in places where we had not seen them before. i'm not positive but perhaps the wells there have been contaminated. >> reporter: experts believe cholera was brought here by u.n. peacekeepers. untreated sewage from this base flowed into a tributary of the river, the major source of water for both washing and drinking. cholera is spread by fecal-oral contact. two years on 200,000 patients have been sickened, 750 d 7,500 have died from diarrhea and fluid loss. each flood brings more contaminated water, more cases. the epidemic prompted massive relief efforts and public campaigns. on the streets and in classrooms promoting hygiene and sanitation. fatalities have drop
his own people and governor chris christie asking the feds to pay 100% for the damage left by sandy. "newsroom" starts now. >>> good morning. thank you so much for being with us. i'm carol costello. we begin this morning in washington where the halls of congress are a little quieter now that house members have gone home for the weekend. the break comes with 26 days to go until the fiscal cliff deadline and after president obama and house speaker john boehner spoke again by phone but failed to reach a deal. boehner says revenues can be on the table just not in the form of tax hikes on the rich. treasury secretary timothy geithner says that just won't work. >> there's no point to an agreement that involve the rates going up on the top 2% of the wealthy. it's only 2%. >> geithner went on to say that he's fully prepared. the obama administration is fully prepared to go off that fiscal cliff if republicans don't agree to tax hikes on the wealthiest americans. let's bring in congressional correspondent kate bolduan. the white house won't budge on taxes. the republican led house takes a br
of the hour, and also, this story. a brave young boy who lost his home and his school in hurricane sandy. well, he is now talking about coping with life. >> when something brings you down, you got to get up. >> you okay, buddy? >>> one family is doing more than a lot after the tragedy that destroyed tens of thousands of homes on the east coast. [ wh] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new yor
to help rebuild the state's the were ravaged by hurricane sandy. regional leaders complained wednesday it was not enough. the white house will send the proposal to capitol hill this week. it should be between $45,000,000,000.50 $5 billion, according to officials -- $45 billion and $55 billion, according to officials. both democratic and republican lawmakers from the region quickly expressed disappointment in the pending request and lobby the administration to increase it before sending it to congress. sue in oklahoma on our line for independents. i think we have time for your point. caller: in a column today it said that clinton's 2001 balance the budget spent $1.94 trillion. today the revenue is $2.67 trillion. spending is $3.76 trillion. we are spending $987 billion more than if we had just increased the 2001 budget for inflation and population growth. i understand about the mores. i am incensed, as i think most voters are -- wars. i am incensed, as i think most voters are. host: the chair of the senate banking, housing and urban affairs committee is in his seat. the ring with secret
in aid to farmers. this is in addition to the destruction caused by hurricane sandy, the largest hurricane ever to form in the atlantic basin. it's estimated that sandy will cost almost $80 billion in federal funding for the replacement of homes, infrastructure, and buildings. combined, the drought and sandy will cost the federal government tens of billions of dollars at a time when we're talking about our debt. it's the job of congress and the administration to help these americans in time of need, make no mistake about it. we should. we will. but we need to be honest about how we plan for disaster spending. according to a report by the g.a.o. in september, there have been over 540 disaster declarations in the last eight years requiring over $90 billion in federal aid. it's time we face facts and state the obvious -- weather is getting worse. extreme weather events are happening with increased frequency and intensity. i held a hearing last year to talk about this issue, to examine whether the federal government is really prepared for this. the answer is no. i didn't bring in the
may be gearing up for a new battle with congress this time over sandy relief money. the president asked congress to approve more than $60 billion for the hardest hit states, but a democratic aide tells nbc news they expect a fight with some republicans who may demand offsets to cover the funds. >>> to our political war room now. south carolina republican senator jim demint stealing the spotlight this week with his sudden resignation, sparking a lot of speculation about who might replace him. so who will it be and what will demin's departure mean for the gop? and it might not be the only shake-up within the republican party as rnc chairman reis up f e election as well. alex fini and caton dawson, as well. former chairman of the south carolina republican party, former adviser to the rick perry campaign. good to have you both on this saturday afternoon. before we get to the discussion, let me go ahead and address the big elephant in the room, kate dawson. you told reporters at the hill that you would be open to filling the seat that's being left vacant by senator jim demint. has the
initial claims. they say it's a sign nearly all of the effects of superstorm sandy on the labor force have evaporated. this report comes a day before the government releases its closely watched job survey. there are reports that hiring sank last month because of sandy. >>> a new study shows if taxes go up on upper-income americans, the passage of proposition of 3 -- of proposition 30, raised the tax rate for california's highest income earnser -- earners to 13.3%. if the bush cuts expire at the end of the year, that would brick the overall tax rate for higherners in rainfall -- high earners to 51%. >>> this afternoon, president obama will visit a family in northern virginia. he will be talking about the importance of congress extending tax cuts for middle- klaas americans. it's all -- middle-class americans. it's tall about taking action to avoid the fiscal cliff by the end of the month. >>> back here, san jose police investigating a dadly hit and run. last night a man believed to be in his 50s was killed while crossing the intersection at white and kimby roads. he's the -- qwimby roads. t
in emergency aid for superstorm sandy recovery. that request falls short of total damage estimates. governors from new york, new jersey and connecticut alone say they will need closer to 82 billion to fix their states. >>> we don't know their names, but a couple from a phoenix suburb has presented the second winning ticket from last month's massive powerball drawing. the couple came forward now because they were concerned about, guess what, the looming fiscal cliff. they will take home 192 million bucks before taxes, and the plan is to use the money to start a foundation and support their favorite charities. >>> more people out of work, and another recession. you want to know what's at the bottom of that fiscal cliff, well, there you have it. many say that what's going to happen if something isn't done soon, but guess what? alice rivlin has a plan. she's a senior fellow at the brookings institution and served as director of the white house office of management and budget, the omb, under president clinton. alice, good morning. >> good morning. >> nice to have you here on the show this morning.
.s. ambassador to the u.k. or france. what? my take on that next. stuart: superstorm sandy made landfall in america more than a month ago. some businesses are still seeing the effects. shares of darden restaurants, that's the company that owns red lobster, olive garden, they are down today after the company announced it expects to make less money next year than it originally forecast. the company is blaming superstorm sandy for its lackluster performance. republicans submitted their solution to the fiscal cliff yesterday. white house and other democrats dismissed it immediately. take a look at how that affected the market this morning. not at all. the dow is up 43. 13,000 is where we are. liz macdonald says we will see is a last minute deal, christmas eve, new year's eve, on the fiscal cliff. we shall see. next, a special early my take. i am fired up about the prospect of ambassador anna wintour. i couldn't wait for the normal time. i'm going to do it early. stay right there. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in tw
subcommittee will talk about the impact of hurricane sandy on ins -- transportation systems in the northeast including rail and port infrastructure on c-span 3 at 10:30 a.m. eastern. in about 45 minutes, we will continue to examine the so- called fiscal cliff with called fiscal cliff with armstrong
to yourself. >> imagine this. going to check on your house after super storm sandy and finding your home has completely vanished. that's exactly what happened to one new jersey homeowner. but get this. it was it was not the storm that took down his house, it was the new jersey department of transportation. why did the department of transportation do it? nick joins us. good evening, nick. >> good evening. how are you, greta. >> very good. tell me what happened. >> i first learned of when the storm first hit there was an aerial shot, a helicopter on an abc affiliate out of out of philadelphia and i saw my house off the foundation and slid into my neighbor's porch and slightly forward. we weren't allowed into town until two weeks later. the town was closed down and we were allowed in town two weeks later. we went down in school buses, hundreds of people, and we were told to bring one piece of luggage to take personal belongings out and when i walked up the street i found my lot was empty, it was gone. >> the department of transportation took your house but why the department of transportation?
on the one or 2%. that is all his focus. he is going around the country, hurricane sandy, rebuilding needs to be done. he is not paying attention to that and certainly not paying attention to jobs creation. instead he is on this vendetta. melissa: ian, at the same time you see companies out there, they're doing what they need to do. we saw ibm for example saying that when it comes to their 401(kk instead of contributing every other pay period the way they have before they will wait until the very end of the year and do their matching then. almost an accounting trick. not really a trick. a way to do it differently they save a lot of money. they hang onto theoney for entire year and earn interest on it. god forbid youeave the company and never see the money. for workers you don't earn on money all year long. not in your 401(k) growing. these are the kinds of things we'll see companies doing to adapt to this new normal. >> if ibm gets away with it i'm sure they will. they are a benchmark. if they successfully push it through, the company that didn't fail, didn't have a crisis during the crash
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